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Product director of cloud mining service Hashtoro.com.

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Hashtoro’s Alexander Petersons Shares Perspective on Bitcoin Cloud Mining and Crypto Markets’ Future

Alexander Petersons Talks About The Future of Cloud Mining and The Crypto Markets Alexander Petersons is the product director of Hashtoro, a popular cloud mining service. He was recently interviewed by the media and talked about the future of the cryptocurrency markets, decentralization and even about how profitable Bitcoin mining really is. The Future Of Crypto After The Massacre We all know that the bear market has demolished many investors that believed that Bitcoin would reach the sky last year, so one of the most important topics that Petersons talked about was the market. According to him, the market is experiencing a decline, but it will be only temporary. He counts that the market was declared dead seven times and it is still alive and kicking. Alexander Petersons defends the idea that Bitcoin might reach the price of $50,000 USD this year, however, he understands that this will only happen on certain positive conditions. He understands that the drop in the price of Bitcoin happened after the liquidation of Mt. Gox’s assets and that there is still a chance for the price to recuperate soon but it will not necessarily be very easy. He also believes that more people will shift to cloud mining because of the growing difficulty of hash calculations and he expects more cloud mining sites to appear in the next few years. He affirmed that Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Monero (XMR) are not going anywhere and these tokens will continue to be strong, which is why the company mines them. Efficiency and Mining Viability Talking about the future of mining, Petersons seems to be confident. He believes that, unlike what Vitalik Buterin is preaching, proof of stake will not supplant proof of work. Yes, Bitcoin mining is wasteful, but he believes that the key is efficiency. Why? Because it is easier to censor proof of stake than proof of work, which makes it more secure. This is why efficiency has to be improved. Hashflare, he believes, died because it was unprofitable and it was only unprofitable because it was simply not optimized to be efficient. In such a volatile market, you have to be prepared for not being lucky all the time. According to him, cutting maintenance fees is very important. Cloud mining can still be profitable even amidst crisis if a company is really focused on efficiency as Hashtoro is. The farm of the company are located in European countries that are crypto-friendly and they have access to cheap energy, the most important aspect. Having your mining rigs in a cold country also helps because of the heat and gives ASIC miners more efficiency. The company is even planning on creating its own optimized rigs in the future to achieve even better results. The system determines which crypto is more profitable to mine at each time and switches automatically to that one. At the end of the day, all mined coins are converted into currency and the clients receive up to 10% more profit this way. This way, the company cut costs and make good contracts for the clients. All the mining on Hashtoro is made on an industrial scale and always using the newest equipment, something that people simply cannot do at home. This makes even Bitcoin mining very profitable when the prices are low and let the customers mine BTC this without having any losses. Other topics The executive also talked about some other topics like cloud mining scams. According to him, it is important to stand out in the crowd if you do not want to be confused with a scam. It’s all very word of mouth in the crypto industry and, if you show a good work, people will notice, he believes. This way, the company was able to be successful even in a market crowded with scams because it provided that it could be very reliable. Petersons also talked about Bitmain. He believes that the company is one of the strongest players in the mining market right now, but there is nothing to worry because if Bitmain used 51% attacks, it would simply render its equipment useless as people would abandon Bitcoin. At the end of the interview, Petersons recommended new investors that are entering the market right now to buy Bitcoin while the price is low. Also, he said that they should educate themselves because the market is complicated and knowledge can help you as cryptos are shaping the world and the market. He is a firm believer that we will see more legalized cryptos in the future and that is when the growth will explode. About Alexander Petersons Petersons works as the product director at Hashtoro and is an IT specialist and serial entrepreneur. He started out in small IT companies in Europe and then moved to the United States, when he started to work his way to the top. He also worked for the development of mobile processors in Qualcomm, a telecommunications equipment company from the United States.
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Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX

After partnering up with the firm behind the second largest coin XRP [XRP] Ripple as one of the +200 costumers, Mercury FX announced via their official twitter handle that they transacted their largest payment across RippleNet with a positive conclusion. 1/1 We've made our largest payments across RippleNet using #XRP – 86,633.00 pesos (£3,521.67) from the U.K. to Mexico in seconds. pic.twitter.com/WsHJuZTiOy — Mercury-fx Ltd (@mercury_fx_ltd) January 17, 2019 Using XRP, the firm transferred £3,521.67 or $4,552.41 while they cited that UK based Mustard Foods was able to save £79.17 and 31 hours on the transaction. Mustard Foods could be one of the best examples of the impact of using RippleNet could have as it opened doors to cheaper expenses, quicker orders and faster payments. As covered by John P. Njui on EWN a few days ago, The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. By the end of this year [2018], major banks will use xRapid as a liquidity tool. By the end of next year [2019], I would certainly hope that we will see…in the order of magnitude…of dozens. But we also need to continue to grow that ecosystem…grow the liquidity. – Brad Garlinghouse The success behind the team from Ripple could be standing by their marketing strategy and future plans of making the financial industry a better place to be. While not displacing traditional banking systems but helping them make payments cheaper and faster, it is finding its way to take spotlight in the crypto-verse. The post Ripple’s RippleNet XRP Showcases Real-World Effectiveness: Mercury FX appeared first on Ethereum World News.
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BRD Wallet Expands Crypto User Access Across Europe With Coinify Partnership

Coinify, a European-based financial platform that provides a wallet, trading and payment processing solution, has announced that they are integrating BRD Wallet into their platform to deliver BRD wallet access to users across the European region.Specifically, the partnership provides access to virtual currencies, like bitcoin, to 34 countries across the Single Euro Payments Area (SEPA). The SEPA region is a collection of member states in Europe who are part of a payment system that simplifies bank transfers denominated in EUR. The launch is also enabled largely in part by Coinify’s newly rebranded trading solution for wallet partners.Customers will now be able to use BRD Wallet to “purchase bitcoin at cost-efficient rates with SEPA bank transfers” within Coinify’s trading platform. With BRD integration, customers will also retain control over their private keys while using Coinify.Essentially, this provides a large number of users with an efficient and secure way to buy bitcoin and other cryptocurrencies, and then allows them to immediately store it in a manner where they control what happens to their money. Typically, a user will entrust the custody of their private keys to a centralized exchange while they are waiting for trades to be executed and sometimes for much longer than that.Aaron Lasher, co-founder and chief strategy officer at BRD, highlighted the advantages of the integration for security-focused users of the Coinify platform.“We like exchanges and think security will get better in the future, but by using our integrated purchase and trading solutions, you get to keep your funds under your control 99 percent of the time, and only put them at a slightly higher risk for a short period when you make the exchange,” Lasher told Bitcoin Magazine.“Using a non-custodial wallet means that you and you alone control your funds. It’s similar to having physical cash in a (highly secure) safe at home. Only in this case, we provide our customers a digital safe (the BRD wallet) that they can keep in their pocket and carry along. Nobody else in the world has access to your funds but you, and nobody can stop you from sending or receiving funds.”Integrating a wallet that allows users to own their funds and seamlessly make trades on a platform like Coinify could help to push bitcoin adoption forward."The financial industry is ripe for disruption and we see bitcoin and the other virtual currencies as the future of payments,” said Rikke Stær, chief commercial officer at Coinify, told Bitcoin Magazine. “At Coinify, we have experienced first-hand the rising adoption of bitcoin and working with BRD as a user-friendly, decentralized wallet will only encourage the global reach of the currency."“Since launching as the first iOS bitcoin wallet in the App Store over 4 years ago, we’ve grown tremendously in North America,“ Adam Traidman, CEO and co-founder of BRD, said in a statement. “Europe will be strategic in the next phase of BRD’s global growth, and the partnership with Coinify will ensure our success in this crucial endeavour.”In August 2018, Canadian-based Coinberry exchange launched a similar BRD integration, allowing users to quickly and seamlessly buy, deposit and withdraw bitcoin on the Coinberry platform, while keeping control of their keys at all times. This article originally appeared on Bitcoin Magazine.
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Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018

Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 Major cryptocurrency payment service provider BitPay has reported $1 billion in transactions this past year, according to a press release Jan. 16. According to the report, the company also set a new record for itself in terms of transaction fee revenue. […] Cet article Crypto Payments Service BitPay Reports It Saw Over $1 Billion in Transactions in 2018 est apparu en premier sur Bitcoin Central.
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